TO AUTHORIZE THE INTRODUCTION OF A NONAPPROPRIATION BILL TO REQUIRE A DIGITAL ASSET MINING BUSINESS TO PAY A FEE FOR EXTRAORDINARY ELECTRICAL ENERGY USAGE AND TO IMPLEMENT OVERSIGHT PROCEDURES.

This House Resolution in Arkansas authorizes the introduction of a bill that would require digital asset mining businesses to pay fees to the state for using large amounts of electricity. The proposed law establishes a tiered fee structure where businesses pay between $25,000 and $100,000 annually based on how many megawatts of power they consume in a month. It also mandates that these companies submit energy usage estimates before starting operations and face penalties or criminal charges if they knowingly provide false information. Any money collected from these fees would be split among state agencies to fund oversight, monitoring, and operational expenses related to regulating the industry.